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Antiques-R Us is a mature manufacturing company firm. The company just paid a dividend of $16,30, but management expects to reduce the payout by 3.5%

Antiques-R Us is a mature manufacturing company firm. The company just paid a dividend of $16,30, but management expects to reduce the payout by 3.5% per year, indefinitely. If you require a return of 8%, what will you pay for the stock today?

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